Federal Reserve Report Paints Brighter Picture of U.S. Economy

The central bank’s report is a summary of economic activity from businesses and contacts outside the Federal Reserve from across the country. Its latest Beige Book, issued this week, was compiled in preparation for the Fed board’s March 16th policy meeting and is based on information collected through February 22.

Data from nine (Boston, New York, Philadelphia, Cleveland, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco) of the 12 Federal Reserve districts indicated that economic activity improved, but in most cases the increases were “modest,” the Fed said.

Although the Kansas City central bank reported that real estate sales were strongest for low-priced and starter homes, it was apprehensive about real estate sales once the home buyer tax credit expires in a few months.

I agree with the Kansas City Central Bank. I recommend that Kansas City homeowners thinking about selling this year should contact a Kansas City real estate professional now to see how their market is for their area. If the timing is right, I suggest selling now and taking advantage of the home buyer tax credit.

For more information, go to: Federal Reserve Report Paints Brighter Picture of U.S. Economy

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Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

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